The Market Monitor Minding the Nation's Business
Omoda and Jaecoo in collaboration with BDO Unibank are targeting the diverse travel needs of the younger demographic in the Philippines and recently reached a consensus on the new “travel + life” concept as their future direction for collaborative development, aiming to jointly support the intelligent, low-carbon transportation movement in the Philippines.
Omoda and Jaecoo will leverage their parent company’s strengths in automobile manufacturing, intelligence, and electrification to deliver higher-spec, quality automotive products to the local youth. Being one of the largest banks in the Philippines, BDO will provide professional financing and loan services to support Omoda and Jaecoo in offering consumers more convenient and innovative automotive finance solutions.
During their visit to China, the BDO delegation toured the smart factory of Omoda and Jaecoo in Wuhu, China which stands as a first-class green and intelligent benchmark in China and a demonstration zone for intelligent networked vehicles. They immersed in the driving experience of star models such as Omoda 5, J7, and J8 on its comprehensive professional track.
The two parties engaged in in-depth discussions aimed at jointly fostering innovation and development in the automotive finance sector in the Philippines. The successful signing of a Memorandum of Understanding (MOU) marked the commencement of their collaboration to explore new, high-quality financial service models tailored to the automotive market in the Philippines.